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12-02-02 agendaCITY OF RICHFIELD, MINNESOTA • SPECIAL CITY COUNCIL MEETING MONDAY, DECEMBER 2, 2002 COUNCIL CHAMBERS 6700 PORTLAND AVENUE 6:30 P.M. AGENDA Call to order Roll call Truth in Taxation public hearing regarding 2003 property tax levy and 2002 revised/2003 proposed budget and proposed 2003 water, wastewater and storm sewer utility rates Staff Report No. 283 • Notes: Adjournment Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96 hours in advance to the Administrative Services Director at 612-861-9702. • AGENDA ITEM # 1 REPORT # 283 • J STAFF REPORT CITY COUNCIL MEETING ;:DECEMBER 2, 2002 REPORT PREPARED BY: REPORT PRESENTER: DEPARTMENT DIltECTOR REVIEW: SIGNATURE REVIEWED BY CITY MANAGER: ITEM FOR COUNCIL CONSIDERATION: Conduct a truth in taxation public hearing regarding the 2003 property tax levy and 2002 Revised/2003 Proposed budget and proposed 2003 water, wastewater and storm sewer utility rates. I. RECOMMENDED ACTION: .Conduct and close the truth in taxation public hearing and by motion: schedule final action on-the levy and budget items and utility rates for the regular City Council meeting- of December 10, 2002. II. BACKGROUND- At the September 10, 2002 City Council meeting the City Council adopted the 20Q3 proposed property tax levy and selected December 2, 2002 as the date for the statutory truth in taxation public hearing. Hennepin County has mailed the proposed 2003 property tax statements to property owners in Richfield which are based upon the proposed levy and announce the date of the public hearing. III. BASIS OF RECOMMENDATION CHRIS REGIS, FINANCE MANAGER NAME, TITLE STEVEN L. DEVICH, ADMINISTRATIVE SER~ICES DIRECTOR NAME, TiT /~ 120202 TNT • A. POLICY • Minnesota Statute mandates the truth in taxation public hearing, which must be conducted. on December 2, 2002. • All publications and notifications have been made pursuant to law. • If the public testimony cannot: be concluded on December 2, 2002, the hearing must continue to December 9, 2002. B. CRITICAL ISSUES • If the public hearing is concluded on December 2, it would be desirable to schedule the final adoption action on December 10, 2002 to allow ample time to conclude the truth in taxation process prior to the deadline of December 28, 2002. C. FINANCIAL • N/A D. LEGAL • The official adoption of the final levy and budget cannot occur at the initial TNT hearing or at the continuation hearing, if one is held. A subsequent meeting is required for adoption. • The subsequent meeting for official adoption, must be held at least one day after the initial TNT hearing or, if a continuation hearing is held, either immediately after the continuation hearing or on a date following the continuation hearing. • A subsequent meeting may be held at a regularly scheduled Council meeting or a Special Council meeting, but must be completed by December 28, 2002. IV. ALTERNATIVE RECOMNIENDATION(S~ • None with respect to conducting the public hearing, as it is mandated by state law. • If a continuation hearing is necessary then the final action on the levy must be postponed until after the December 9, 2002 continuation hearing. Final action could then be taken at the December 10 Regular City Council meeting. V. ATTAC~IMENTS • None. VI. PRINCIPAL PARTIES EXPECTED AT MEETING • None. •